Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

(In Thousands)

Changes in the carrying amount of goodwill during the years ended December 31, 2023 were as follows:


	Community Banks		Insurance		Total
Balance at December 31, 2021	$	936,916	$	2,767	$	939,683
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608		—		6,608
Additions to goodwill from the Continental Republic Capital, LLC acquisition	45,417		—		45,417
Balance at December 31, 2022	$	988,941	$	2,767	$	991,708

Measurement period adjustments to goodwill from the Continental Republic Capital, LLC acquisition	(43)		—		(43)
Balance at December 31, 2023	$	988,898	$	2,767	$	991,665

The following table provides a summary of finite-lived intangible assets as of the dates presented:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
December 31, 2023
Core deposit intangible	$	82,492	$	(68,383)	$	14,109
Customer relationship intangible	7,670		(2,984)		4,686
Total finite-lived intangible assets	$	90,162	$	(71,367)	$	18,795
December 31, 2022
Core deposit intangible	$	82,492	$	(64,339)	$	18,153
Customer relationship intangible	7,670		(1,647)		6,023
Total finite-lived intangible assets	$	90,162	$	(65,986)	$	24,176

Core deposit intangible amortization expense for the years ended December 31, 2023, 2022 and 2021 was $4,044, $4,941 and $5,861, respectively. Customer relationship intangible amortization expense for the year ended December 31, 2023, 2022 and 2021 was $1,337, $181 and $181, respectively.

The estimated amortization expense of finite-lived intangible assets for the five succeeding fiscal years is summarized as follows:


	Core Deposit Intangible		Customer Relationship Intangible		Total
2024	$	3,498	$	1,192	$	4,690
2025	3,102		1,048		4,150
2026	2,899		860		3,759
2027	2,775		628		3,403
2028	1,836		483		2,319